Town Center Bank Q1 net profit falls 7.85% to $305,000
TOWN CENTER BANK (IL)
TOWN CENTER BANK (IL) TCNB | 0.00 |
- Town Center Bank parent TC Financial Holdings posted net profit of $305,000 for three months ended March 31, 2026, down 7.9% from a year earlier.
- Net interest income rose 4.1% to $1.67 million as interest income increased to $2.55 million, while interest expense was little changed at $880,000.
- Non-interest income climbed to $132,000 from $66,000, while non-interest expenses increased to $1.33 million from $1.19 million.
- Total loans increased $2.2 million, while total assets fell $4.7 million to $174.7 million as cash and cash equivalents dropped $6.1 million to $22.7 million.
- Deposits declined $1.6 million to $132.2 million and FHLB borrowings ended at $20 million, with Tier 1 leverage ratio at 11.3% and total capital ratio at 13.9%.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Town Center Bank published the original content used to generate this news brief on May 12, 2026, and is solely responsible for the information contained therein.
